What term describes the quantity of a commodity offered for sale at a certain price at a given time and place?

The term that describes the quantity of a commodity offered for sale at a certain price at a given time and place is "supply." Supply refers to the amount of a good or service that producers are willing to sell at various prices in a specific market. It is a fundamental concept in economics that helps define how prices are determined and how resources are allocated.

Supply is influenced by several factors, including production costs, technology, and the number of sellers in the market. When the price of a commodity rises, producers are generally more inclined to supply more of that commodity, as higher prices can cover higher production costs and potentially increase profits.

On the other hand, demand pertains to how much of a product consumers want to buy at various price levels, necessity refers to how essential a good is for survival or well-being, and utility relates to the satisfaction or benefit derived from consuming a good or service. While these terms are interconnected in economic models, they describe different aspects of market behavior.